Topic
official
Trade India shifts trade strategy, favours PTAs over FTAs with South Africa, Mercosur and others: Official
India has shifted its trade strategy toward preferential trade agreements (PTAs) instead of free trade agreements (FTAs) with South Africa, Mercosur and other developing economies, according to the Economic Times. A senior official cited by the report said a full FTA with South Africa would require too deep an opening of the Indian market, whereas a PTA would target specific products. India is also pursuing PTAs with Mexico and Kenya, while Ecuador has sought a full FTA.
Trade India, US Have Framework Trade Deal Ready; Signing Awaits Right Time: Official
An Indian government official announced that the framework for the India-US trade deal is ready and will be signed at an appropriate time. Negotiations on the broader bilateral trade agreement (BTA) are progressing well. The official also addressed ongoing Section 301 investigations by the USTR, which have proposed additional tariffs on India and other economies.
Trade India, UK work to resolve issues holding up trade pact implementation, says official
India and the UK are working to resolve outstanding issues that have delayed the implementation of their free trade agreement, including UK steel safeguard measures and its proposed Carbon Border Adjustment Mechanism (CBAM). Commerce Secretary Rajesh Agrawal said an Indian team is in London to operationalise the pact signed in July 2025. The UK will cut tariff-free steel quota volumes by 60% from July 1, 2026, and impose a 50% tariff on imports above the quota.
Trade India's Export Growth Driven by Policy Reforms and Initiatives
India's exports are on the rise, driven by government policy reforms and initiatives. Senior Economic Adviser Agrim Kaushal highlights the '5F vision' and various schemes aimed at strengthening the textiles and apparel sector.
Trade India's Seafood Exports Reach Record High in 2025-26
India's seafood exports reached a record 19,72,018 metric tonnes worth ₹73,890.46 crore ($8.46 billion) in 2025-26. The United States and China were the top importers, with frozen shrimp leading the export basket.